The specificity of labour
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The specificity of labour book
From the arguments already presented in this book, simplifying enormously, the following conclusions can be drawn. First, it is inappropriate to examine labour markets in terms of equilibrium outcomes. There is absolutely no reason to presume that the forces that operate within labour markets interact more or less harmoniously and efficiently to grind out equilibrium levels of employment and associated working conditions, irrespective of whether such equilibrium notions are used as points of departure for what actually happens.